ANNOUNCEMENT 25 Oct 2011
In October 2011, the government of South Africa announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
South African Reserve Bank. Exchange Control Circular No. 15/2011, 25 October 2011.Available at: https://www.resbank.co.za/Publications/Circulars/Exchange%20Control%20Circulars/Exchange%20Control%20Circular%20No.%2015-2011.pdf
On 25 October 2011, the South African Reserve Bank published a circular in relation to a liberalisation of the country's foreign exchange policy.
The Exchange Control Circular No. 15/2011 'Improving access and competition in cross-border money remittances' announces the abolition of ownership restrictions on foreign participation in Authorised Dealers in foreign exchange with limited authority.